Your Daily Trading Strategy Check-in - Deriv Broker February 21, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker February 21, 2025 Newsletter

Here are today's directional views from the global research desks of Trading Central! These are starting points for your research to identify opportunities that make sense for you.

GBP/USD   EUR/USD   USD/CHF   Euro Stoxx 50 (Eurex)   Gold   Dax (Eurex)   Cac 40 (Euronext)   Brent (ICE)

Please note that due to market volatility, some of the key levels may have already been reached, and scenarios may have already been played out.
 

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GBP/USD Intraday: intraday support is around 1.2625.
 
Pivot:
1.2625
 
Our preference:
Long positions above 1.2625 with targets at 1.2678 & 1.2700 in extension.
 
Alternative scenario:
Below 1.2625, look for further downside with 1.2600 & 1.2580 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


EUR/USD Intraday: intraday support is around 1.0455.
 
Pivot:
1.0455
 
Our preference:
Long positions above 1.0455 with targets at 1.0510 & 1.0530 in extension.
 
Alternative scenario:
Below 1.0455, look for further downside with 1.0435 & 1.0415 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


USD/CHF Intraday: key resistance at 0.9005.
 
Pivot:
0.9005
 
Our preference:
Short positions below 0.9005 with targets at 0.8975 & 0.8960 in extension.
 
Alternative scenario:
Above 0.9005, look for further upside with 0.9030 & 0.9055 as targets.
 
Comment:
If the resistance at 0.9005 is not surpassed, the risk of a break below 0.8975 remains high.
 


Euro Stoxx 50 (Eurex)‎ (H5)‎ Intraday: key resistance at 5519.00.
 
Pivot:
5519.00
 
Our preference:
Short positions below 5519.00 with targets at 5454.00 & 5429.00 in extension.
 
Alternative scenario:
Above 5519.00, look for further upside with 5539.00 & 5556.00 as targets.
 
Comment:
As long as the resistance at 5519.00 is not surpassed, the risk of a break below 5454.00 remains high.
 


Gold Intraday: consolidation in place.
 
Pivot:
2945.00
 
Our preference:
Short positions below 2945.00 with targets at 2915.00 & 2904.00 in extension.
 
Alternative scenario:
Above 2945.00, look for further upside with 2955.00 & 2968.00 as targets.
 
Comment:
As long as 2945.00 is resistance, look for choppy price action with a bearish bias.
 


Dax (Eurex)‎ (H5)‎ Intraday: key resistance at 22670.00.
 
Pivot:
22670.00
 
Our preference:
Short positions below 22670.00 with targets at 22220.00 & 22010.00 in extension.
 
Alternative scenario:
Above 22670.00, look for further upside with 22805.00 & 23000.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 


Cac 40 (Euronext)‎ (G5)‎ Intraday: consolidation in place.
 
Pivot:
8180.00
 
Our preference:
Short positions below 8180.00 with targets at 8095.00 & 8070.00 in extension.
 
Alternative scenario:
Above 8180.00, look for further upside with 8210.00 & 8228.00 as targets.
 
Comment:
As long as 8180.00 is resistance, look for choppy price action with a bearish bias.
 

 
Brent (ICE)‎ (J5)‎ Intraday: intraday support is around 75.40.
 
Pivot:
75.40
 
Our preference:
Long positions above 75.40 with targets at 76.30 & 76.65 in extension.
 
Alternative scenario:
Below 75.40, look for further downside with 75.05 & 74.65 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 

 

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